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Jun
23
for sale: super cool panama city apartment
Filed Under Tropical Life |
the hood: this apartment is in an older, structurally sound, 6 story building, located in the desirable el cangrejo area. centrally located. you won’t need a car. however, there’s secure parking if you want one.
calle alberto navarro is a safe tree-lined street with easy walking to restaurants, bars, coffee shops, Chinese market, ATM’s, banks, drug store, supermarket, Spanish schools, gym, bakeries, and casinos.
This is one of the very best neighborhoods in Panama City. and calle Alberto Navarro is easily the best street in el cangrejo.
the crib: Renovated (new wiring, hardwood doors, plumbing, cabinets, fixtures etc), freshly painted, 3 bed, 2 bath apartment on the 4th floor (tree level). it gets a killer sea breeze and most times there’s no need for a fan or air-conditioner.
Secure parking, low monthly fee, video intercom, elevator, gas hot water, air conditioning, good neighbors, pets OK, cable TV, high speed internet, nice balcony and bar area.
actual size: as i noted, there’s one large bedroom with a double closet and master bath (full shower), one smaller bedroom with full closet, a 3rd bedroom/den/office, a smaller maid’s bathroom (full shower), dinning area, kitchen, laundry area. also, many owners choose to enclose the balcony to make the living area even larger. total interior size equals 96 meters squared.
Update: I saw your ad in craiglist. How much are all of the costs, taxes, condo fees etc? Is there security in the building? Is there an elevator? Does it have a pool? Any other info will be appreciated.
Right now there are no taxes on the apartment. But I believe there will be taxes for the next owner. A rough guess would be about $350 hundred a year. The condo fee is only $100 a month. That includes gas, water, building maintenance, exterior insurance, management, and the salary of our doorman.
There is also an $80 a month assessment that’ll run for another year. The assessment is for a new elevator. The existing elevator works, but is an older model. There is no security (other than a video cam), because it’s cheaper, and safer without them.
There’s no pool. The maintenance fee’s for buildings with pools is typically over $300 a month. And few people swim in Panama pools. Maybe because it gets so hot and humid the water turns into sancocho, or maybe because they live in a tropical paradise and can just head out to the beach.
this apartment’s value is due to the location not its features or furnishings. We’ve lived here for 5 years. This is a great location: safe, easy, central, cheap. And if any buyer doesn’t like something - anything, it’s not a big deal to change it. Labor is cheap in Panama. And it’s easier to repair or upgrade something than it is to find an affordable apartment in a great location
Contact: the apartment can be seen anytime. use the Panama After Hours contact page or the comments section below to inquire or ask questions.
selling furnished or unfurnished: $99,800
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This is your place? Moving? Considered renting it? My girl and I are here in Panama and have been looking for a place to rent, currently staying in Obarrio.
tejano - if it doesn’t sell, it’ll be rented. but i don’t know of any similar apartments selling for under $100k in this part of the city. already there have been offers. so i’m guessing it’ll sell in the next month or so.
Where are you headed? If only I could come up with 30% and had decent credit!
i’ll be in arizona for the next couple of years, dodging sheriff joe, and helping my 89 yr old mom shuffle off to paradise. after that i’d like to return to panama.
ahh understood, well goodluck to you both. Ever need anything taken care of on this end, holler.
it’s good that you’re helping your mother.
and, do not let johnny law bust you. they don’t play around in arizona and nevada. it’s pink pajamas and flip-flops 24/7.
take care and good luck.
thanks, i’m not thrilled about arizona, but it feels good to be helping her out.
so? had any luck selling this place yet?
I’m interested in your spot. Please email me with additional info and a contact phone so we can talk.
tejano - i think it’s sold. we agreed on a price, the lawyers are exchanging paperwork. then all we’ll need is my signature. if all goes well i’ll be back in panama muy pronto.
mike (and everyone else asking to see the apartment) - i’ll get back to you all later this week if this deal doesn’t work out. thanks for asking.